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Amounts owed by a business to others are referred to as?
debts
Debts owed by a business are referred to as?
Debt held by businesses is called Business debt.Liabilities of the business.
What is the difference between outstanding assets and outstanding liabilities?
Outstanding assets are assets that are owed to an individual or business. Outstanding liabilities are debts that ill be incurred in the future.
Are Amounts owed to a business that are on a credit basis are considered a current asset on the books and?
Amounts owed to a business that are on a credit basis are considered a current asset on the books and
What is the amount owed to a business that are on a credit basis are considered a current asset on the book?
Amounts owed to a business that are on a credit basis are considered a current asset on the books and
Amounts owed by a business to others are referred to as?
debts
Debts owed by a business are referred to as?
Debt held by businesses is called Business debt.Liabilities of the business.
Debts owed by a business are called?
Debt held by businesses is called Business debt
Why was the crop lien system bad for merchants?
. If they could not collect what they were owed, they went out of business.
Why was the lien crop system bad bankers?
They often could not collect on debts. There were times when the loans were not repaid.
The ability of a business to pay its debts as they come due and to earn a reasonable amount of income is referred to as?
solvency and liquidity
Can a business that is closed still try and collect money owed?
Usually when a business closes it still has some assets, including accounts receivable (i.e.: money which it is owed), and those assets will be acquired by somebody. So the business that is closed isn't collecting money owed, but those debts can still be collected by someone.
What is the difference between outstanding assets and outstanding liabilities?
Outstanding assets are assets that are owed to an individual or business. Outstanding liabilities are debts that ill be incurred in the future.
Can an estate collect debt?
Yes, in fact it is the obligation of the estate to collect all valid debts owed to the decedent. Debts owed to a decedent are considered assets of the estate. The estate's representative has authority to demand that all debts owed to a decedent be paid to the estate. If the debtor refuses to pay, the estate representative has legal power to sue to collect those debts if it has to do so.
What were war debts called owed by Germany to allies?
reparations
What were war debts owed by Germany to the allies called?
reparations
War debts owed by Germany to the allies were called?
reparations
